Final Exam Flashcards
What are the two decision making components?
individual and group
what is individual decision making?
focus on the criteria that affect individual decision makers
what is group decision making?
focus on the processes by which majority support is gained
Sunken Costs
resource costs involved in the organizational decision process that is irrecoverable
satisfice
to reach a decision that is satisfactory, yielding benefits that suffice to meet situational needs of the decision maker
Bound Rationality
the notion that there are prescribed boundaries, controls, or upper and lower limits on the decision making abilities of individuals
pluralist theory
a theory of gov’t that asserts that multiple, open, competing groups possess power and rule society
elite theory
a theory of gov’t that assets that a small group possesses power and rules society
laissez faire pluralism
responsive to variety of divergent policy interests
corporate pluralism
certain groups acquire controlling power within individual policy areas
public pluralism
reform oriented model of decision making, regulating of interests
Decision analysis
the use of formal mathematical statistical tools and techniques, especially computers and sophisticated computer models and simulations, to improve decision making
organizational leadership functions
planning, organizing, direction, coordinating, controlling, implementing
what was the leadership prior to Magna Carta, classical liberal philosophy, and democracy?
monarchies
what are the 3 types of skills in skills theory
technical, human, and conceptual
task oriented leaders
thought to be more authoritative
relationship oriented leaders
make a nice place to work, company goals may not be so stringent
what are the 4 types of leadership behaviors?
directive, supportive, achievement, participative
what is directive leadership?
clearly informed subordinates
what is supportive leadership?
being friendly and approachable
what is achievement oriented leadership?
challenging people to do their best
what is a participative leadership?
subordinates included in decision making
what are outlays
agency expenditures during a given fiscal period, fulfilling outstanding budget obligations incurred
what are budget deficit?
the difference between the amount of revenue raised the amount of federal gov’t spending in a fiscal year